Reckitt Benckiser Group PT Raised to GBX 4,860 (RB)
Investment analysts at S&P Equity Research boosted their price target on shares of Reckitt Benckiser Group (LON:RB) from GBX 4,800 ($77.62) to GBX 4,860 ($78.59) in a note issued to investors on Tuesday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. S&P Equity Research’s price objective would indicate a potential upside of 2.66% from the stock’s previous close.
Shares of Reckitt Benckiser Group (LON:RB) traded up 5.20% during mid-day trading on Tuesday, hitting GBX 4734.00. The stock had a trading volume of 2,615,185 shares. Reckitt Benckiser Group has a 52 week low of GBX 3613.00 and a 52 week high of GBX 4986.00. The stock has a 50-day moving average of GBX 4435.04 and a 200-day moving average of GBX 4608.. The company’s market cap is £34.584 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec upgraded shares of Reckitt Benckiser Group to a “hold” rating in a research note to investors on Tuesday. Separately, analysts at Canaccord Genuity reiterated a “sell” rating on shares of Reckitt Benckiser Group in a research note to investors on Tuesday. They now have a GBX 4,100 ($66.30) price target on the stock. Finally, analysts at Liberum Capital reiterated a “sell” rating on shares of Reckitt Benckiser Group in a research note to investors on Monday. Seven investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 4,613.56 ($74.60).
Reckitt Benckiser Group Plc is manufacturer and marketer of branded products in household, health and personal care, selling a range through over 60 operating companies into nearly 200 countries.
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